PANews reported on August 16 that Julio Moreno, head of research at CryptoQuant, shared his expectations on X, saying that Bitcoin is likely to rise in the fourth quarter of this year. After an in-depth study of Bitcoin's price performance in the halving years, Moreno found that Bitcoin's performance so far this year is very similar to that in 2016 and 2020. Moreno said: "If prices are going to rise, it will be in the fourth quarter."